Extreme TMA Line Indicator
The Extreme TMA Line Indicator is a technical analysis tool used in trading to identify potential market reversals based on price movements relative to a Triangular Moving Average (TMA). This indicator highlights the overbought or oversold conditions by plotting bands around the TMA, allowing traders to make informed decisions about entry and exit points. It is particularly useful for short-term trading strategies and can be combined with other indicators to enhance trading accuracy. When price touches or crosses the extreme lines, it may indicate a potential reversal, prompting traders to consider taking positions accordingly.